Commentary for Friday, Sept 13, 2024 – Today gold closed up $30.10 at $2581.30, and silver closed up $0.96 at $30.70. Both gold and silver made new recent highs today as traders anticipate an aggressive interest rate cut at the upcoming FOMC meeting (September 17th and 18th). The notion of lower interest rates has been part […]
Category Archives: Daily Gold Newsletter
Commentary for Friday, Sept 6, 2024 (www.golddealer.com) – Today gold closed down $17.90 at $2493.50, and silver closed down $0.91 at $27.81. The bullish gold trade got a piece of good news from New York Fed President Williams this week: ‘It is now appropriate to dial down the degree of restrictiveness in the stance of policy’. And […]
Commentary for Friday, August 30, 2024 (www.golddealer.com) – Today gold closed down $31.90 at $2493.80, and silver closed down $0.83 at $28.73. Traders took profits today, pushing the price of gold lower as the PCE (Personal Consumption Expenditures) continued to suggest that inflation is moving lower. And yet, during the same week there were experts who believed […]
Gold – Still Working On It Commentary for Friday, August 23, 2024 (www.golddealer.com) – Today gold closed up $29.50 at $2508.40, and silver closed up $0.78 at $29.79. The title page today should reflect Thursday’s profit taking drop even as the Dollar Index moved lower two points this week. But today’s jump to higher ground sets the […]
Gold – Bullish Excitement Builds Commentary for Friday, August 16, 2024 (www.golddealer.com) – Today gold closed up $45.50 at $2498.60, and silver closed up $0.44 at $28.78. While the price of gold this week was typically choppy, this “up and down” trade finished on a bright bullish note as gold promised a close about the vaulted $2500.00 […]
Gold – Higher Highs or Lower Lows? Commentary for Friday, August 9, 2024 (www.golddealer.com) – Today gold closed up $9.90 at $2432.10, and silver closed down $0.01 at $27.49. The trading theme at the end of this week is simply that gold needs fresh news or may be stuck in a trading range which favors the bulls […]
Gold – Cross Currents Commentary for Friday, August 2, 2024 (www.golddealer.com) – Today gold closed down $9.30 at $2425.70, and silver closed down $0.08 at $28.25. The trading theme this week for gold is familiar as we have been down this path more than once these past few months. While both gold and silver bullion are a […]
Gold – A Fundamental Plus Commentary for Friday, July 26, 2024 (www.golddealer.com) – Today gold closed up $28.10 at $2380.00, and silver closed up $0.05 at $27.86. For the first three days of this week the metals looked tired, but it would be an overstatement to claim that gold and silver were losing base support as Biden […]
Gold – Rhetoric Verses Reality Commentary for Friday, July 19, 2024 (www.golddealer.com) – Today gold closed down $56.30 at $2395.50, and silver closed down $0.91 at $29.09. On Tuesday gold finished up a whopping $39.50 as the bulls roared looking forward to even higher prices as the expectation of lower interest rates gained traction. On Friday the […]
Gold – Volatility Returns Commentary for Friday, July 12, 2024 (www.golddealer.com) – Today gold closed down $1.00 at $2414.00, and silver closed down $0.50 at $30.89. After Thursday’s round of fireworks to the upside it must be a disappointment to bullish sentiment to see gold momentum fizzle into the weekend. Still the optimism cup is more than […]